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The Future of Downtown San Diego Real Estate
Selection of condos available for sale in Downtown San Diego will continue to be tight. As of early 2018 about 3% of the total condo market is up for sale (roughly 325 for sale out of 10,750 total condos). One new high rise condo was completed in 2018 (Pacific Gate) and another new tower (Savina) will be completed in 2019. The next new condo building will be completed some time after 2020, as it has not started yet.
For sale inventory will begin to shrink as we get into the fall of 2019 as buyers run out of brand new condos to buy and current downtown owners will have resold their current condos as they move into the new building. The commercial development of the western waterfront will make the condos in the Columbia neighborhood more desirable. The California Association of Realtors is projecting average prices in the State to increase 3.1% in 2019, following a roughly 7.0 % increase in 2018. So much slower appreciation rates coming, usually if GDP is growing, prices are increasing. Downtown average prices were up only about 1% in 2018, hard to predict 2019, so many outside forces at play which can influence demand, but one thing is for sure, no more new inventory getting added after this year for several years.
Mortgage rates are trending up and the nations economy (GDP) and stock market are also trending up although erratically. Time will tell if the improving economy can create more housing demand than the rising interest rates can slow down.
Popular San Diego Neighborhoods
Newest Downtown San Diego Condos for Sale
It's a lifestyle at CityFront Terrace! Residence #712 has it all.....as you enter you feel the spaciousness of this condo! This South facing sunny home lets you enjoy the...
- 2 Beds
- 2 Baths
- 190015622 MLS
- Cityfront Terrace Bldg.
- ACTIVE Status
Bright and rarely on the market in the middle of the Ballpark District! 2BR/2BA corner unit with views of Petco and two side-by-side underground parking spots! Gourmet ki...
- 2 Beds
- 2 Baths
- 190015606 MLS
- Park Terrace Bldg.
- ACTIVE Status
PRICED TO SELL!!! LOWEST PRICED ESTATE AVAILABLE AT PACIFIC GATE AND FULLY UPGRADED!!!! Stunning City/Bay views! State of Art kitchen includes electronic push button cabi...
- 3 Beds
- 3 Baths
- 190015599 MLS
- Pacific Gate Bldg.
- ACTIVE Status
Condo in the heart of Little Italy! Acqua Vista is an exclusive building loaded with amenities which include: Valet parking, gym, rooftop pool, spa and 24 concierge and f...
- 2 Beds
- 2 Baths
- 190015572 MLS
- Acqua Vista Bldg.
- ACTIVE Status
This stunning 1 bed 1 full bath condo in East Village Downtown close to Ball Park. Kitchen has granite and stainless steal appliances. Washer and Dryer in bathroom closet...
- 1 Beds
- 1 Baths
- 190015566 MLS
- Fahrenheit Bldg.
- ACTIVE Status
Prime South East Corner home! No residence above and spectacular city scape views. Glass surrounds this fantastic and expansive true 3 bed 3 bath home at the much desired...
- 3 Beds
- 3 Baths
- 190015524 MLS
- Icon Bldg.
- ACTIVE Status
Stunning Luxury Condo at The Legend! This pristine 10th floor condo faces west with peek Bay views & wonderful natural light. Featuring gleaming granite counters, stainle...
- 2 Beds
- 2 Baths
- 190015519 MLS
- The Legend Bldg.
- ACTIVE Status
This beautiful eastward facing residence overlooks the Park-at-the-Park and boasts views directly into Petco Park! This luxury highrise is centrally located in downtown's...
- 2 Beds
- 2 Baths
- 190015495 MLS
- The Legend Bldg.
- ACTIVE Status
Prepare to be amazed! Stunning upgrades are found throughout this truly transformative M2i residence on the 7th floor with sparkling east-facing city views. Revel in soar...
- 1 Beds
- 2 Baths
- 190015494 MLS
- M2i Bldg.
- ACTIVE Status
Located in the prestigious Bankers Hill Neighborhood. Beautifully upgraded 2 bed 2 bath spacious 1435 sq ft condo. Travertine tile, custom automatic blinds, wood floo...
- 2 Beds
- 2 Baths
- 190015479 MLS
- Bay Vu Bldg.
- ACTIVE Status
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2019 San Diego MLS®,
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